Published December 6, 2025 | Category: Real Estate & Economy

TL;DR: Las Terrazas Macenas, a new €50.4 million residential development of 125 homes inside Macenas Mediterranean Resort in Mojacar, has received its building permit and is set to become a new focal point for high-end living and tourism on the Almeria coast.

Green Light for Las Terrazas Macenas in Mojacar

A major new residential project has taken a decisive step forward in Mojacar. Grupo Insur, a publicly listed real estate developer, together with the Cosentino family office, has obtained the building permit for Las Terrazas Macenas, a development of 125 homes within the Macenas Mediterranean Resort on the southeastern edge of the municipality.

The project represents an investment of around €50.4 million and forms part of a wider plan to reposition Macenas as a luxury enclave at the gateway to the Cabo de Gata Natural Park. For Mojacar and the surrounding coastline, it signals renewed confidence in the high-end residential and tourism market.

125 Homes with Sea Views and Resort Facilities

Las Terrazas Macenas will offer a mix of one, two and three bedroom apartments designed in a contemporary Mediterranean style. According to the developer, the homes have been planned to maximise natural light, with layouts that extend living spaces out onto generous terraces.

The development will include apartments with sea-view terraces, penthouses and ground floor properties with private gardens. Communal areas are set to feature an outdoor infinity pool, a heated indoor pool, a social club with chill-out terrace and a seafront solarium, positioning the complex firmly in the upper segment of the local market.

Las Terrazas Macenas sits inside Macenas Mediterranean Resort, a residential, tourism and leisure complex being developed around the idea of “discreet luxury” and a lifestyle that blends nature, wellbeing and coastal living.

Jobs and Investment for Eastern Almeria

The construction of Las Terrazas Macenas is expected to generate more than 300 direct and indirect jobs, both on site and through associated services. For Mojacar and the eastern part of the province, it adds a significant volume of investment at a time when interest in second homes, relocation and long-stay coastal living remains strong.

Grupo Insur highlights that the alliance with the Cosentino family office allows the company to strengthen its position in Eastern Andalusia and secure a prominent location on the Almeria coast. For buyers, the combination of a branded developer, a large-scale resort and a well-known coastline is likely to be a key part of the project’s appeal.

Part of a Wider Transformation at Macenas

The Las Terrazas Macenas project is only one element in a broader transformation of Macenas Mediterranean Resort. The resort already offers or plans to offer a social club with restaurants, pool and lounge area, sports facilities, shops and wellness services, with the aim of creating a self-contained environment that remains closely connected to the surrounding landscape.

A central piece in this strategy is the renovation of the Macenas golf course, designed by Stirling & Martin. The course is being updated with a focus on efficient use of recycled water, biodiversity measures and native vegetation. Once completed, it is expected to feature 18 holes, a golf school, restaurant and pro shop, with an opening forecast around the end of 2026.

At the same time, work is progressing on what is planned to be the first five star hotel in Mojacar, adding another layer to the area’s positioning as one of the key hubs for luxury tourism in the province of Almeria.

What Las Terrazas Macenas Means for Mojacar

For local residents and potential buyers, Las Terrazas Macenas represents both an opportunity and a sign of how the coastline around Mojacar is evolving. On one hand, the project brings new employment, services and visibility to the area. On the other, it reinforces the trend towards higher-end residential and tourism products clustered around resort-style developments.

As construction moves forward, attention is likely to focus on how the project integrates with its surroundings, the balance between residential use and tourism, and the extent to which the promised “discreet luxury” remains compatible with the natural environment that makes this stretch of the Almeria coast so distinctive.

If you are considering buying property in the area, you can also explore market insights and listings in Mojacar and the surrounding coastline at AlmeriaHousing.com.

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